Loan Comparison: 2.68% vs 6.5%
180 Cobblestone, Colorado Springs, CO 80906 · 4bd/3ba · $425,000
List Price
$425,000
Assumable Rate
2.68%
Remaining Balance
$354,238
Equity Gap
$69,918
Loan Type
VAAdjust Your Scenario
$21,250
$21,250$69,918
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 3.38%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 2.68% + gap loan
$1,807/moAssumed loan: $1,433/mo
Gap financing: $374/mo
$745less per month with the assumable
Your Savings on This Property
180 Cobblestone, Colorado Springs · 2.68% VA vs 6.5% conventional
$745
per month
$8,937
per year
$268,097
over 30 years
$267,253
interest saved
How gap financing works: The equity gap ($69,918) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,250, 5% of purchase price) and a second mortgage for the rest ($48,668 at 8.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
🏠
Back to This Listing
View photos, details, and request a showing for 180 Cobblestone.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.